Common use of Records Retention Clause in Contracts

Records Retention. All records relevant to this Agreement shall be retained for a minimum of seven (7) years. This retention period runs from the date of payment for the relevant goods or services by TFC, or from the date of termination of the Agreement, whichever is later. Retention time shall be extended when an audit is scheduled or in progress for a period reasonably necessary to complete an audit and/or to complete any administrative proceeding or litigation which may ensue.

Appears in 59 contracts

Sources: Professional Services, Indefinite Delivery Indefinite Quantity Professional Services Agreement, Professional Services Agreement

Records Retention. All records relevant to this Agreement Contract shall be retained for a minimum of seven (7) years. This retention period runs from the date of payment for the relevant goods or services by TFC, or from the date of termination of the AgreementContract, whichever is later. Retention time shall be extended when an audit is scheduled or in progress for a period reasonably necessary to complete an audit and/or to complete any administrative proceeding or litigation which may ensue.

Appears in 8 contracts

Sources: Construction Manager at Risk Contract, Construction Manager at Risk Contract, Construction Manager at Risk Contract

Records Retention. All records relevant to this Agreement shall be retained for a minimum of seven (7) years. This retention period runs from the date of full and final payment for the relevant goods or services by TFC, or from the date of termination of the this Agreement, whichever is later. Retention time shall be extended when an audit is scheduled or in progress for a period reasonably necessary to complete an audit and/or to complete any administrative proceeding or litigation which may ensue.

Appears in 4 contracts

Sources: Project Controls Professional Agreement, Program Management Firm Agreement, Project Management Professional Agreement

Records Retention. All records relevant to this Agreement Contract shall be retained for a minimum of seven four (74) years. This retention period runs from the date of payment for the relevant goods or services by TFC, or from the date of termination of the AgreementContract, whichever is later. Retention time shall be extended when an audit is scheduled or in progress for a period reasonably necessary to complete an audit and/or to complete any administrative proceeding or litigation which may ensue.

Appears in 3 contracts

Sources: Construction Manager at Risk Contract, Construction Manager at Risk Contract, Construction Services Contract

Records Retention. All records relevant to this Agreement shall be retained for a minimum of seven four (74) years. This retention period runs from the date of payment for the relevant goods or services by TFC, or from the date of termination of the Agreement, whichever is later. Retention time shall be extended when an audit is scheduled or in progress for a period reasonably necessary to complete an audit and/or to complete any administrative proceeding or litigation which may ensue.

Appears in 1 contract

Sources: Professional Services

Records Retention. All records relevant to this Agreement shall be retained for a minimum of seven (7) years. This retention period runs from the date of payment Final Payment for the relevant goods or services by TFC, or from the date of termination of the this Agreement, whichever is later. Retention time shall be extended when an audit is scheduled or in progress for a period reasonably necessary to complete an audit and/or to complete any administrative proceeding or litigation which may ensue.

Appears in 1 contract

Sources: Construction Manager at Risk Agreement